1879 Three-Dollar Gold Piece. MS-65 (NGC).

Pretty Gem Uncirculated 1879 $3 1879 Three-Dollar Gold Piece. MS-65 (NGC). A lovely Gem. Vivid golden-rose surfaces exhibit lively frosty to semi-prooflike luster. There are no individually mentionable marks, and few of even a trivial nature. Sharply struck and highly appealing. It soon became evident that, even though the market achieved parity between gold coins and paper currency for the first time since early in the Civil War on December 17, 1878, contemporary Americans had little desire to exchange their bills for three-dollar gold pieces. The year 1879 actually marks the beginning of the end for this commercially unpopular denomination, for after achieving a relatively generous mintage of 82,304 circulation strikes in 1878, production at the Philadelphia Mint plummeted once again in 1879. Only 3,000 coins were delivered for potential commercial use that year, few of which were actually paid out to banks. Several hundred Mint State survivors are known, nonetheless, these likely representing coins that were set aside as numismatic keepsakes or snatched up by dealers and other speculators during the late 19th and early 20th centuries. NGC Census: 20; 10 finer (MS-67 finest). PCGS# 8001. NGC ID: 25N2. Click here for certification details from NGC. Click here to see Coins in Motion.

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